MediusCompany DetailsContacthttps://www.mediusflow.com/enArticles & NewsSoftware SolutionsMedius’ AI Solutions to Revolutionize Accounts Payable EfficiencyMedius launched Medius Copilot for Accounts Payable Automation and Medius Supplier Conversations, both designed to streamline and enhance the efficiency of AP processes.ManufacturingManufacturers Plan to Increase Reshoring for Better ValueAccording to Medius, U.S. manufacturers are streamlining their operations and costs (47%), incorporating AI into supply chains (38%) and focusing on protecting margins (36%).Risk/ComplianceAI- and ML-Powered Fraud and Risk Detection SolutionUsing the latest advances in artificial intelligence (AI) and machine learning, the product monitors for risk events within the invoice-to-pay process and alerts the right people to take action.Supply Chain VisibilityInvoice Fraud Causes Major Loss for U.S. BusinessesU.S. companies are losing an average of $300,000 per business annually and 25% of finance professionals are unaware or unable to estimate the cost of invoice fraud to their business.AI/ARUsing AI-Driven Data to Better Manage Source-to-Pay ProcessOne way to gain control of the procurement process and meet demands more reliably is through optimizing source to pay, and artificial intelligence plays a major role in this effort.Sourcing & ProcurementHow Next-Gen Source-to-Pay Capabilities Help Organizations Navigate “New Normal”Source-to-pay technology enables organizations to bring new suppliers onboard quickly and ensure and performance management controls are in place.Products & Press ReleasesSoftware & TechnologyMilwaukee Tool Selects Medius to Fully Automate Accounts Payable Operations for Improved Cash Flow Visibility and WorkflowMedius announced that Milwaukee Tool has selected Medius AP Automation to automate its accounts payable operations for greater speed, flexibility and return on investment.Sourcing & ProcurementStudy: Businesses Adapt Supplier Payment Behavior During COVID-19The results show that many companies have changed their payment behavior during the spring of 2020 by either increasing or decreasing their days payable outstanding.Request More InformationFill out the form below to request more information about Medius